Ukraine halts half of world's neon output for chips, clouding outlook

Ukraine halts half of world's neon output for chips, clouding outlook

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Key Facts

  • 02:35 - Source: CNN 'This is what you get': Ukraine claims to have defeated convoy CNN Business — Ukraine’s two leading suppliers of neon, which produce about half the world’s supply of the key ingredient for making chips, have halted their operations as Moscow has sharpened its attack on the country, threatening to raise prices and aggravate the semiconductor shortage.
  • Some 45%-54% of the world’s semiconductor grade neon, critical for the lasers used to make chips, comes from two Ukrainian companies, Ingas and Cryoin, according to Reuters calculations based on figures from the companies and market research firm Techcet.
  • Before the invasion, Ingas produced 15,000 to 20,000 cubic meters of neon per month for customers in Taiwan, Korea, China, the United States and Germany, with about 75% going to the chip industry, Nikolay Avdzhy, the company’s chief commercial officer, said in an email to Reuters.
  • Cryoin, which produced roughly 10,000 to 15,000 cubic meters of neon per month, and is located in Odessa, halted operations on Feb. 24 when the attacks began to keep employees safe, according to business development director Larissa Bondarenko.

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